Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Rate Unit Hours 5.8 ounces 3.00 per ounce $17.40 .9hours $12.00per hour $10.80 0.9 hours $5.00 per hour $4.50 Direct materials Direct labor Variable overhead The company reported the following results concerning this product in June. originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3, 800 units 3, 400 units 20, 800 ounces 21,900 ounces 6, 500 hours $42, 500 $13, 888 S 3,900 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The materials price variance for June is Multiple Choice $23,200 F $23,200 U $1,971 F $1,971 U Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Hours 7.4 ounces 8.3 hours 6.3 hours Rate Unit Direct materials Direct labor Variable overhead 2.00 per ounce $14.80 $18.00 per hour $5.40 $ 7.00 per hour $ 2.10 The company reported the following results concerning this product in June. originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases$42,200 Actual direct labor cost Actual variable overhead cost 2, 800 units 2.900 units 20, 600 ounces 21,700 ounces 49 hours $12, 800 s 3,400 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The labor rate variance for June is: Multiple Choice $1,595 F $3,980 F $1,595 U $3,980 U Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Rate Unit Hours 5.7 ounces 0.2hours 6.2 hours $ 2.00 per ounce $11.40 $11. per hour $2.20 $6.88 per hour $1.29 Direct materials Direct labor Variable overhead The company reported the following results concerning this product in June. originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3, 900 units 3, 500 units 26, 700 ounces 21, 80e ounces 530 hours $42,600 $13, 900 $ 3,950 The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased The veriable overhead efficiency variance for June is: Muitiple Choice $1,054 F $1,020 u $1,054 U $1,020 F Doogan Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours 8.7 grams Rate Direct materials Direct labor Variable overhead S 3.30 per gram 0 6.5 hours $33.88 per hour 0.5 hours s 8.30 per hour The company produced 6,500 units in January using 40,610 grams of direct material and 2,510 direct labor-hours. During the month, the company purchased 45.700 grams of the direct material at $3.00 per gram. The actual direct labor rate was $32.30 per hour and the actual variable overhead rate was $810 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The variable overhead rate variance for January is Muitiple Choice $502 U $650 F $502 F $650 U
